The restaurant company owns Taco Bell, KFC and Pizza Hut.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:$1.76 billion vs. $1.8 billion expected
Yum reported second-quarter net income of $367 million, or $1.28 per share, down from $418 million, or $1.46 per share, a year earlier.rose 4% to $1.76 billion, fueled by new restaurant openings. Yum's same-store sales fell 1% in the quarter as both Pizza Hut and KFC reported same-store sales declines of 3%.
KFC's U.S. restaurants continued to struggle, with domestic same-store sales shrinking 5%. And although the chicken chain's system sales picked up this quarter in China, its largest market, KFC's overall international same-store sales fell 3%. Pizza Hut's U.S. same-store sales decreased 1%, while its international same-store sales declined 4%.
Taco Bell, the crown jewel of Yum's portfolio, saw its same-store sales increase 5% in the quarter. The chain's footprint is largely concentrated in the U.S., where its reputation for value has helped it weather the pullback in consumer spending.plans to expand its rollout of artificial intelligence across Taco Bell drive-thru lanes to hundreds of its U.S. restaurants by the end of the year.
Yum! Brands Inc Markets Breaking News: Markets Earnings Breaking News: Business Business Restaurants Retail Industry United States Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yum Brands falls short on revenue as Pizza Hut and KFC same-store sales fallThe restaurant company owns Taco Bell, KFC and Pizza Hut.
Read more »
Kids can earn free pizza from Pizza Hut for reading this summerPizza Hut's popular 'Book It' program is extending into the summer!
Read more »
Una Pizza Napoletana named best pizza in US for 3rd year by 50 Top PizzaFor the third year in a row, Una Pizza Napoletana was named the best pizza in the United States by 50 Top Pizza.
Read more »
The Best Pizza Hut Order for Weight LossYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Read more »
Starbucks, Pizza Hut did not 'change brand names to avoid Israel boycott'Coffee giant Starbucks and popular restaurant chain Pizza Hut did not rename as 'Vista Coffee' and 'Ristorante', contrary to claims shared on Facebook and TikTok in Indonesia that the companies rebranded to avoid a boycott targeting brands over Israel's war in Gaza.
Read more »
New Pizza: Penelope Wood-Fired Pizza looks to succeed in high-turnover eastside locationEdward 'Eddie' Celaya is a Multimedia Journalist here at KGUN9.
Read more »